£150,513
This estimated value is based upon the latest sale price for the house of £100,000 on 10 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 10 Sep 2014 |
| Semi-Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £100,000 results in an estimated price of approximately £150,513.
| 10 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £100,000 | £50,513 | £150,513 |
The Postcode Pricing Model uses changes in average sales price within the NE28 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 48.448 % | £48,448 | £148,448 |
| 3 Month Average | 31.625 % | £31,625 | £131,625 |
| 6 Month Average | 28.418 % | £28,418 | £128,418 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £147,582 | £145,000 | 47 ELMFIELD GARDENS |
| 8 Sep 2023 | £168,150 | £166,000 | 38 WILTSHIRE GARDENS |
| 26 Jul 2023 | £116,569 | £115,000 | 5 SPRINGFIELD GARDENS |
| 26 Jun 2023 | £187,268 | £185,000 | 30 WILTSHIRE GARDENS |
| 9 Nov 2022 | £222,307 | £225,000 | 83 WILTSHIRE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elmfield Gardens |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Springfield Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Springfield Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Springfield Gardens |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Gardens |